Breaking News

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported ASUS Announces ExpertCenter P500 SFF Lexar Launches the NM990 PCIe 5.0 SSD DJI Agras T100, T70P and T25P Launches Globally Sony Introduces the RX1R III

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Ampex Licenses Digital Still Camera Patents To Olympus

Ampex Licenses Digital Still Camera Patents To Olympus

Cameras Mar 22,2005 0

Ampex announced that it has concluded a license agreement with Olympus. The agreement permits the use of United States and foreign patents held by Ampex in the manufacture and sale of digital still cameras. The license provides that its terms are confidential.

Pursuant to the license, Ampex will receive a negotiated payment of approximately $3.0 million to settle liability for past use of its patents prior to the effective date of the agreement. Olympus will also pay to Ampex quarterly running royalties in the future based on the sales value of digital still cameras that utilize its patents.

Royalties received from Olympus will not include digital still cameras manufactured by other companies that are licensed under Ampex's patents. Ampex believes that a significant portion of cameras sold under the Olympus brand are manufactured by a company that is also a licensee of Ampex's patents and anticipates that royalties on these products will be paid by the supplier and not by Olympus.

Ampex continues to negotiate patent licenses with additional manufacturers of digital still cameras and camera-equipped cellular telephones and currently expects that it will conclude additional agreements within the next 90 days.

In addition to Olympus, Ampex has recently licensed its patents for use in digital still cameras, camera-equipped cellular telephones, and certain other digital consumer products to Canon Inc., Sanyo Electric Co., Ltd.., Sony Corporation, Matsushita Electric Industrial Co. Ltd., Japan Victor Company and Pentax Corporation.

In October 2004, Ampex initiated litigation against Eastman Kodak Company (NYSE:EK) in the International Trade Commission and in the Federal District Court of the District of Delaware for Kodak's unauthorized use of an Ampex patent in the sale of digital still cameras. Thia litigation is continuing.

The Company may initiate additional litigation to enforce its patents if it is not able to conclude licenses on acceptable terms.

Ampex Corporation, www.ampex.com, headquartered in Redwood City, California, is one of the world's leading innovators and licensors of technologies for the visual information age.

Tags: Olympus
Previous Post
Kingston Partners with U3 to Make Smart USB Flash Drives
Next Post
Verbatim to Use U3 Platform to Make New Type of USB Flash Drive

Related Posts

  • Olympus announces the M.Zuiko Digital ED 150-400mm F4.5 TC1.25x IS PRO lens

  • Olympus Announces the OM-D E-M1 Mark III and PEN E-PL10 Mirrorless Cameras

  • Olympus Launches the OM-D E-M5 Mark III Camera

  • Sharp Joins in the Micro Four Thirds System Standard Group

  • Olympus OM-D E-M1X Takes Professional User Needs in Focus

  • Olympus Announces PEN E-PL8 Entry-level Mirrorless And New of E-M1 Mark II Flagship cameras

  • Olympus OM-D E-M10 II Camera Released

  • Sony To Sell Olympus Shares

Latest News

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported
Enterprise & IT

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported

ASUS Announces ExpertCenter P500 SFF
Enterprise & IT

ASUS Announces ExpertCenter P500 SFF

Lexar Launches the NM990 PCIe 5.0 SSD
PC components

Lexar Launches the NM990 PCIe 5.0 SSD

DJI Agras T100, T70P and T25P Launches Globally
Drones

DJI Agras T100, T70P and T25P Launches Globally

Sony Introduces the RX1R III
Cameras

Sony Introduces the RX1R III

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed